Indonesia Rejoining OPEC: Dynamics of the Oil Importer and Exporter Countries
Reactivation of Indonesia’s full membership to the Organization of the Petroleum Exporting Countries (OPEC) triggered discussion surrounding global petroleum governance. The country which decided to suspend its full membership at the end of 2008, currently labelled as net oil importer. However, in O...
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| Format: | Article |
| Language: | English |
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Bina Nusantara University
2016-01-01
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| Series: | Journal of ASEAN Studies |
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| Online Access: | https://journal.binus.ac.id/index.php/jas/article/view/841 |
| _version_ | 1819109029069193216 |
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| author | Muhammad Badaruddin |
| author_facet | Muhammad Badaruddin |
| author_sort | Muhammad Badaruddin |
| collection | DOAJ |
| description | Reactivation of Indonesia’s full membership to the Organization of the Petroleum Exporting Countries (OPEC) triggered discussion surrounding global petroleum governance. The country which decided to suspend its full membership at the end of 2008, currently labelled as net oil importer. However, in OPEC terms Indonesia never really left, instead of the organization termed it as a "suspension”. Departing from the abovementioned context and perspectives, purpose of this essay is to answer the questions about the significance of the Indonesia’s membership reactivation to OPEC, and the strategic context of the reactivation in the current global oil market. In answering these questions, this article draws the dynamics of the relation of Indonesia and OPEC through the history in the first part and explores Indonesia’s interests in rejoining OPEC in the second one. In the third part, this essay will explore the possible benefit for OPEC as an organization as well as for its member countries could achieve by approving Indonesia’s request to reactivate its membership, despite its status as a net oil importer. |
| first_indexed | 2024-12-22T03:19:19Z |
| format | Article |
| id | doaj.art-13f0e941014b4d2583876529fb445978 |
| institution | Directory Open Access Journal |
| issn | 2338-1361 2338-1353 |
| language | English |
| last_indexed | 2024-12-22T03:19:19Z |
| publishDate | 2016-01-01 |
| publisher | Bina Nusantara University |
| record_format | Article |
| series | Journal of ASEAN Studies |
| spelling | doaj.art-13f0e941014b4d2583876529fb4459782022-12-21T18:40:46ZengBina Nusantara UniversityJournal of ASEAN Studies2338-13612338-13532016-01-013211613210.21512/jas.v3i2.841676Indonesia Rejoining OPEC: Dynamics of the Oil Importer and Exporter CountriesMuhammad Badaruddin0Universitas BakrieReactivation of Indonesia’s full membership to the Organization of the Petroleum Exporting Countries (OPEC) triggered discussion surrounding global petroleum governance. The country which decided to suspend its full membership at the end of 2008, currently labelled as net oil importer. However, in OPEC terms Indonesia never really left, instead of the organization termed it as a "suspension”. Departing from the abovementioned context and perspectives, purpose of this essay is to answer the questions about the significance of the Indonesia’s membership reactivation to OPEC, and the strategic context of the reactivation in the current global oil market. In answering these questions, this article draws the dynamics of the relation of Indonesia and OPEC through the history in the first part and explores Indonesia’s interests in rejoining OPEC in the second one. In the third part, this essay will explore the possible benefit for OPEC as an organization as well as for its member countries could achieve by approving Indonesia’s request to reactivate its membership, despite its status as a net oil importer.https://journal.binus.ac.id/index.php/jas/article/view/841international oil tradeoil exporting countriesopecglobal petroleum governanceenergy security |
| spellingShingle | Muhammad Badaruddin Indonesia Rejoining OPEC: Dynamics of the Oil Importer and Exporter Countries Journal of ASEAN Studies international oil trade oil exporting countries opec global petroleum governance energy security |
| title | Indonesia Rejoining OPEC: Dynamics of the Oil Importer and Exporter Countries |
| title_full | Indonesia Rejoining OPEC: Dynamics of the Oil Importer and Exporter Countries |
| title_fullStr | Indonesia Rejoining OPEC: Dynamics of the Oil Importer and Exporter Countries |
| title_full_unstemmed | Indonesia Rejoining OPEC: Dynamics of the Oil Importer and Exporter Countries |
| title_short | Indonesia Rejoining OPEC: Dynamics of the Oil Importer and Exporter Countries |
| title_sort | indonesia rejoining opec dynamics of the oil importer and exporter countries |
| topic | international oil trade oil exporting countries opec global petroleum governance energy security |
| url | https://journal.binus.ac.id/index.php/jas/article/view/841 |
| work_keys_str_mv | AT muhammadbadaruddin indonesiarejoiningopecdynamicsoftheoilimporterandexportercountries |